Page 17 - Second Line News Today

[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from illinois mr. Foster is recognized for five minutes. Thank you, madam chairman. Mr. Scharf, iraq with the concerns my colleagues on this committee about the extensive shortcomings of west fargo over a number of years past and do hope you are as committed and as successful in turning your dash as you stated in your testimony. Id like to bring up the issue of dreamers. ...

Director of the center of the National Independent business. And i am delighted to introduce the vice chair of the white House Counsel of Economic Advisor. Preparing for the session i found that we have a foundational commonality and he is originally from sweden, im originally from minnesota, the land of american. He stopped a bit short of the minnesota border and currently on leave from the university of chicago where he is the professor of Public Policy studies at the University School of Publ...

Mr. Mchenry you have access of liquidity to get through any crisis you would foresee . Yes, absolutely. Mr. Mchenry in terms of safety and soundness, you are from the harm previous regime, thats positive. In terms of safety and soundness youre management, cleaning up the ship. So our expectations is we should have no problems from you in soundness, ety and is that fair . Mr. Scharf i think its fair work once we finish the we laid out, you should feel that. Mr. Mchenry ok. At employees do you hav...

Unanimously to fire police chief anne kirkpatrick, with oakland mayor libby schaaf giving her blessing three years after she swore kirkpatrick in. The trust between the Police Commission and police chief has become irrevocably broken. The mayor said a voter approved measure gave her in the commission the ability to fire the chief without cause. She thanked kirkpatrick for service but set a new leader to needed to move the department forward. Speck i do not regret choosing chief kirkpatrick, i be...

Fed funds rate the chairman talking about the action and admitting that the cut may not be a cure yall, so to speak we do recognize the rate cut will not reduce the rate of infection or fix a broken supply chain. We do believe our actions will boost our economy. Avoiding a tightening of the conditions that will help boost household and business confidence. Then stocks whip sawed with stocks ending down yesterday, the yield dropping below 1 for the First Time Ever take a look where we stand now a...

We have a quorum. Thank you. Number four please. [agenda item read] anyone have any corrections to the minutes . I move that the minutes of the january 9, 2020 meeting be approved. My Public Comment . All those in favor say aye. Its unanimous. Item 5. [agenda item read]. Im chair of the retired Division United educators of San Francisco. I like to get up here to publicly thank diane who has been attending these meetings regularly. She is now been replaced who will be also assistant. Our new Heal...

Was not here given the fact she was fired last night but her name was still printed inside the program here. Her firing still a shock to a lot of people. Acting chief Daren Allison picking up the position less than 24 hours after chief Anne Kirkpatrick was terminated. Any comment allison . But Oakland City Council member noel guiden made it clear and said the city council was blind sided. I think the it was wrong. And right now the reaction that im getting on the phone, on the emails, you know, ...

This is after the bell. S p 500 down six days in a row. All three major averages down more than 4 on the worst pace for the financial crisis since 2018. We have fox Business Team coverage, blake burman at white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching oil at the exchange. Lets kick it off with deirdre. Reporter a lot of superlatives. Closing with the worst week since 2008. Look at stocks that pressured the average most. Microsoft for two reasons. Com...

We have a quorum. Thank you. Number four please. [agenda item read] anyone have any corrections to the minutes . I move that the minutes of the january 9, 2020 meeting be approved. My Public Comment . All those in favor say aye. Its unanimous. Item 5. [agenda item read]. Im chair of the retired Division United educators of San Francisco. I like to get up here to publicly thank diane who has been attending these meetings regularly. She is now been replaced who will be also assistant. Our new Heal...

He testifying on ways to counter the problem. Good morning, everyone. The subcommittee on Consumer Protection and commerce will now come to order. Member will begin with member statements and i will begin by recognizing myself for five minutes. Good morning, and thank you for joining us here today. Given what is going on in the world, its really impressive to see the turnout that is here today, and i welcome everyone. In the the two plus decade since the creation of the internet we have seen lif...